Sun Lakes AZ Market Trends 2014 through Sept 30
Sun Lakes AZ real estate market is trending upward over 2013 through the end of the third quarter. 212 homes are actively listed for sale as of today. 9,967 homes comprise Sun Lakes AZ and the 215 active listings is just over 2% of the available homes for sale.
Market Report by Community Jan 1 through Sept 30 of 2013 and 2014
Oakwood Country Club – IronOaks HOA
2014 – 138 homes sold with an average sales price of $320,512 and average price per square foot of $148.55. Average days on market was 73 and the highest priced home that sold was $525,000.
2013 – 147 homes sold with an average sales price of $291,175 and average price per square foot of $139.37. Average days on market was 88 and the highest priced home that sold was $550,000.
***The Kolb Team closed a home in October of this year for $540,000 – the highest sold thus far by a Realtor in Sun Lakes AZ.
Ironwood Country Club – IronOaks HOA
2014 – 29 homes sold with an average sales price of $322,823 and average price per square foot of $138.54. Average days on market was 105 and the highest priced home that sold was $499,500.*
2013 – 50 homes sold with an average sales price of $275,461 and average price per square foot of $127.35. Average days on market was 98 and the highest priced home that sold was $545,000.
*The Kolb Team sold the highest priced home in 2014 in Ironwood at $499,500.
Palo Verde Country Club – Cottonwood Palo Verde HOA
2014 – 51 homes sold with an average sales price of $268,398 and average price per square foot of $140.28. Average days on market was 73 and the highest priced home that sold was $415,000.
2013 – 50 homes sold with an average sales price of $254,554 and average price per square foot of $125.65. Average days on market was 99 and the highest priced home that sold was $369,900.
Cottonwood Country Club – Cottonwood Palo Verde HOA
2014 – 142 homes sold with an average sales price of $198,883 and average price per square foot of $117.65. Average days on market was 56 and the highest priced home that sold was $280,000.
2013 – 165 homes sold with an average sales price of $180,123 and average price per square foot of $104.80. Average days on market was 65 and the highest priced home that sold was $345,000.
Sun Lakes Country Club (single family homes only – no manufactured houses included in this count) – Sun Lakes Country Club HOA
2014 – 43 homes sold with an average sales price of $157,999 and an average price per square foot of $111.43. Average days on market was 75 and the highest priced home that sold was $279,000.
2013 – 58 homes sold with an average sales price of $152,577 and an average price per square foot of $98.10. Average days on market was 92 and the highest priced home that sold was $239,900.
The market is trending higher in value but the buyer demand was down in 2014 over 2013. Excluding the manufactured homes in Sun Lakes Country Club 403 homes sold during this period in 2014 compared to 470 in 2013. That represents approximately 15% fewer buyers. We are hopeful 2015 will bring more buyers in the market as we see inventory begin to rise and prices still rising Sun Lakes AZ is prime for a great season! Here’s hoping for a great season. If the Kolb Team can help you with a competitive market analysis for selling your home or provide you with resources to help in a buying decision we are here to help. Full time Sun Lakes AZ residents and full time top producing real estate team.